It seems that the e-commerce industry in Pakistan is making huge strides as it was reported that the Chinese e-commerce giant, Alibaba, is showing interest to invest in the country’s e-commerce industry to further promote online business ventures. CEO of Alibaba, Jack Ma, met Prime Minister Nawaz Sharif and showed keen interest in investing in the country.
Alibaba is a Chinese e-commerce firm that offers electronic payment services, cloud computing services, and shopping search engine. The meeting was held on Wednesday in Davos, Switzerland, where Prime Minister addressed top business leaders across the globe to invest in Pakistan. The two met on the sidelines of the 2017 World Economic Forum (WEF).
In addition, the news comes on the heels following a recent boom in the e-commerce industry which offered immense opportunities to online vendors.
Jack Ma said: “We are ready to invest for establishing an e-commerce platform in Pakistan”
Alibaba’s group has been facilitating 60 million firms across the globe. Jack Ma informed Nawaz Sharif that he is very ambitious to support e-commerce industries on a small scale in developing countries. Adding to that, the prime minister invited the CEO of Alibaba group to Pakistan, which he accepted while also asking Nawaz Sharif to visit his company’s head-office in Ghuangzou, China. The news indicates that Pakistan is finally moving up in the world with e-commerce giants planning to invest in the country.
This indeed is another positive step after China-Pakistan Economic Corridor (CPEC) as it will not only benefit Alibaba group, but also help the country to witness significant growth in the e-commerce industry. Experts believe that it will also offer employment opportunities to the youth of Pakistan. In any case, we’ll keep a track on this story to keep our readers updated.